August 06, 2019
Unemployment nears pre-GFC low
Unemployment has fallen to a ten year low, with the seasonally adjusted unemployment rate at 3.9 percent in the June 2019 quarter.
That's down from 4.2 percent in the March quarter.
It's the lowest unemployment rate since the June 2008 quarter, when it was 3.8 percent.
The Māori unemployment rate of 7.7 percent, down from 9.4 percent last year, was also the lowest Māori unemployment rate since June 2008.
However, the number of Māori who were not in the labour force increased by 14,600.
Stats NZ labour market and household statistics senior manager Sean Broughton says the seasonally adjusted unemployment rate has largely been tracking down since late 2012 towards levels seen before the global financial crisis in 2008.
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